Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE First, watch the pre-open Tour recording HERE <<== Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close... Sunday night's rally actually started after midnight. Its first rally, which got up to 2729.50 before retracing back down to its 2720.00 origin. The second rally extended through the open up to 2733.25 before reacting back down even lower to 2717.00, perhaps in sympathy with the NDX collapse. Two overwhelming reactions weren't enough to prevent a third rally from briefly probing a fresh session high during the morning's bias environment. That one wasn't reversed, but waited to extend higher until the afternoon bias environment attacked 2744.00. "Unfinished business" was left outstanding by the morning's bias parameters at 2709.50. Overnight action's new info... For all of yesterday's choppiness, the market is almost right back where it started. Having ranged sideways since Monday afternoon's bias environment began lapsing, Globex gradually crept higher to attack 2746.00. A shallow dip was recovered to retest 2746.00 in time for its reaction to begin sliding into and out of Europe's opens. That slide has retraced to within 1 tick of Sunday night's first failed that got to 2729.50. If, then... (notes to accompany the Tour recording) The door is open to rejecting all of yesterday afternoon's rally by gapping down to and or through 2731.00-2733. Which is currently being threatened. Also being threatened is a Globex-flip, after having probed above yesterday's highs and now indicated to open under the 2738.00 earlier Globex low. The setup's likely objective  would be "unfinished business" at 2709.50. Forming the setup without triggering it could be as bullish as it would have been bearish. So, exiting the open back above the 2738.00 earlier Globex low would reinstate yesterday's rally. It had fallen short of closing above 2743.00, which would have put into play 2748.00. But that would be back in-play, and probably also Friday's opening gap back up to 2751.00. First Trade... [Click here to view the Bias parameters] Exiting the open at 9:45 above 2739.25 would be unlikely to trigger the 2734.50 bias-down signal at 10:15. Exiting the open under 2730.00 would be likely to trigger bias-down.

Already neutralized unfinished business above. Reacting down overnight consolidated under the 2738.00 earlier overnight low.After having probed yesterday's highs, exiting the open any lower would have triggered a bearish Globex-flip setup. And forming but not triggering the setup would be as bullish as it would have been bearish. Meanwhile, a couple of other bearish setups could be triggered by opening under 2730.00. Which was certainly being tested, and for quite awhile overnight. But not already probing lower before the open had made a post-open probe less likely. So, we were prepared to take early action on surging through the 2737.00 open through its calculable 2738.75 buy signal. Yesterday's highs were quickly recovered, on the way to filling the gap back up to Friday's 2751.25 open. Retesting 2751.25 has tried reacting down to attack 2745.00. But this is now a bias-up environment, and back above 2749.25 (being tested now) should extend the rally to at least 2753.25 or even higher. Back under the 2743.25 bias-up signal would start to signal momentum reversing down, but it would require a retest unless the bias environment were exited under its 2734.50 bias-down signal.

TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2751.00 2750.50 ...would target 2757.75 2757.25 Bias-down: under 2741.50 2740.75 ...would target 2736.25 2735.50 Signal status: LATE NO-BIAS, TESTED BIAS-UP SIGNAL . NEW: BIAS VIDEOS... INTRO // EXAMPLE 1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target. 2. Not triggering either bias signal at 1:20 would be "no-bias," and the bias signals should define the bias environment's range. -- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias. 3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal. -- "Late" signals don't require testing the opposite bias signal, but it's still likely. 4. Still testing the bias signal at 1:30 after invoking the grace period would trigger "noN-bias," with no bias influence.

Hovering at highs. The open's surge stopped immediately upon filling the gap back to Friday's 2751.25 gap up. Just touching a filled gap isn't ever likely to launch a reversal. And that undermined its reaction down to 2742.00 from extending. Which it didn't. The noon hour's probe up to 2753.25 satisfies the room for noise above 2751.25, and touching it did react down. But that hasn't launched a reversal, either. Not for lack of trying -- the afternoon's 2750.50 bias-up signal held its test to trigger late no-bias. Exiting the bias environment back above 2752.50 would start to signal the rally is extending. This afternoon's 2757.50 bias-up target would still be a likely attraction, and any higher would be difficult to reverse down today. Otherwise, back under 2748.00 and 2743.00 would signal and confirm a reversal is underway already.

Monday's close had fallen short of signaling the next higher attractions in-play. An overnight probe of fresh highs up up to 2746.00 had ended before reinstating Monday afternoon's upside momentum. Finally, a deeper pullback to 2730.00 was recovered back above 2738.00 to reinstate upside momentum. The higher attractions were quickly filled up to Friday's 2751.25 opening gap. The balance of the session essentially ranged sideways. Up a little to 2753.25, down a little to 2738.00 (where oversold RSIs will require an eventual retest). Then firm back into the range above 2746.00 and await the overnight election resul... WHOA WAIT A MINUTE... The last 15 minutes suddenly surged 16-17 points through the close up to 2761.00. We had just finished the Market Wrap's discussion of potential up to 2758.00. Let's adjust that up to 2764.00. Not that 2758.00 requires a retest -- it isn't a "new Globex trend extreme" -- but there's still room for noise. Perhaps anxiousness ahead of Tuesday night's election results kept the session ranging choppily sideways. Perhaps last-minute optimism (what could go wrong?) accounts for the late surge. We'll know more overnight, and I'll be checking into the chaRTroom to compare market sentiment and high-profile race results for any predictive values. Details and other markets coverage are discussed in the post-market Wrap recording here. Monitor overnight Globex trading in the chaRTroom here.

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2757.25 2756.75 ...would target 2764.50 2764.00 Bias-down: under 2746.75 2746.00 ...would target 2738.75 2738.00 Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED . NEW: BIAS VIDEOS... INTRO // EXAMPLE 1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target. 2. Not triggering either bias signal at 10:15 would be "no-bias," and the bias signals should define the bias environment's range. -- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias. 3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal. -- "Late" signals don't require testing the opposite bias signal, but it's still likely. 4. Still testing the bias signal at 10:30 after invoking the grace period would trigger "noN-bias," with no bias influence.